What are the documents for notarization of car purchase and sale contracts in Vietnam? How much is the fee for notarization of car purchase and sale contracts?
What are the documents for notarization of car purchase and sale contracts in Vietnam?
- In the case of a ready-made car purchase and sale contract:
Pursuant to Article 40 of the Law on Notarization 2014 stipulates as follows:
Notarization of ready-made contracts and transactions
1. A notarization request dossier shall be made in one set, comprising:
a/ A notarization request containing information on full name and address of the notarization requester, contents to be notarized and list of enclosed papers; name of the notarial practice organization, full name of the dossier recipient, and time of dossier receipt;
b/ The draft contract or transaction;
c/ A copy of the personal identity paper of the notarization requester;
d/ A copy of the ownership certificate or use right certificate or its substitute paper as permitted by law for assets subject to ownership or use right registration under law, in case the contract or transaction is related to those assets;
dd/.Copies of other papers related to the contract or transaction as required by law.
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8. If agreeing with the whole contents of the draft contract or transaction, the notarization requester shall sign every page of the draft. The notary shall request the notarization requester to produce the originals of the papers specified in Clause 1 of this Article for comparison before writing testimonies and signing every page of the contract or transaction.
Accordingly, in case the car purchase and sale contract has been prepared, it is necessary to prepare all the documents according to the above provisions to carry out the notarization of car purchase and sale procedures. Procedures for notarization of car purchase and sale in case the contract is prepared shall comply with the above provisions.
- In case the car sale and purchase contract drafted by notaries at the request of notarization requesters:
Pursuant to Article 41 of the Law on Notarization 2014 stipulates as follows:
Notarization of contracts or transactions drafted by notaries at the request of notarization requesters
1. A notarization requester shall submit a dossier set as prescribed at Points a, c, d and dd, Clause 1, and in Clause 2, Article 40 of this Law, and state the contents of, and the intention of concluding, the contract or transaction.
2. A notary shall perform the jobs specified in Clauses 3,4 and 5, Article 40 of this Law.
When the contents of, and the intention of concluding, the contract or transaction are true, lawful and consistent with social ethics, the notary shall draft the contract or transaction.
3. The notarization requester shall himself/herself read the draft contract or transaction or the notary shall read it for him/her. If agreeing with the whole contents of the draft contract or transaction, the notarization requester shall sign every page of the draft. The notary shall request the notarization requester to produce the originals of the papers specified in Clause 1 of this Article for comparison before writing testimonies and signing every page of the contract or transaction.
Thus, in case the car purchase and sale contract drafted by notaries at the request of notarization requesters, the documents and procedures for notarizing the car purchase and sale shall comply with the above provisions.
What are the documents for notarization of car purchase and sale contracts in Vietnam? How much is the fee for notarization of car purchase and sale contracts? (Image from the internet)
Vietnam: Shall the notarization requesters, witnesses and interpreters sign contracts or transactions in the presence of notaries?
Pursuant to Article 48 of the Law on Notarization 2014 stipulates as follows:
Signatures, fingerprints in notarized documents
1. Notarization requesters, witnesses and interpreters shall sign contracts or transactions in the presence of notaries.
When a person competent to conclude contracts of a credit institution or another enterprise has registered his/her specimen signature at the notarial practice organization, he/she may sign the contract beforehand; a notary shall compare the signature in the contract with the specimen signature before notarization.
2. Fingerprints may be used instead of signatures in case notarization requesters, witnesses or interpreters are unable to sign because they are physically disabled or do not know how to sign. For his/her fingerprint, the notarization requester, witness or interpreter shall use his/her right forefinger; if he/she cannot use the right forefinger, he/she may use the left forefinger; if he/she cannot use both forefingers, he/she may use another finger; in this case which finger of which hand is used must be clearly stated.
3. Both fingerprint and signature may be used in the following cases:
a/ Notarization of testaments;
b/ At the request of the notarization requester;
c/ The notary finds it necessary to protect the interests of the notarization requester.
Accordingly, notarization requesters, witnesses and interpreters shall sign contracts or transactions in the presence of notaries, whether it is a ready-made contract or a contract drafted by notaries at the request of notarization requesters.
How much does it cost to notarize car sales in Vietnam?
Pursuant to Point a7, Clause 1, Article 4 of Circular 257/2016/TT-BTC stipulating notarization fees and charges as follows:
Notarization of economic contracts, commercial contracts, investment or business contracts: The notarial service fee shall be calculated according to the value of contract/ transaction.
Thus, based on the value of the car being bought and sold to determine the notarization fee when carrying out the notarization procedures for buying and selling cars according to the above regulations.
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